2-yr fixed mortgage for landlords gets top rating | Product News - Moneyfacts

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2-yr fixed mortgage for landlords gets top rating

2-yr fixed mortgage for landlords gets top rating

Category: Buy To Let
Date: 05/11/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Marsden Building Society has launched a new two-year fixed rate buy-to-let mortgage, which has been awarded the highest rating for its eye-catching rate and terms.

The basics…

This mortgage has a highly competitive rate of 2.54% fixed until 31.1.18, one of the lowest rates currently available in its sector. It is available at a loan-to-value (LTV) of 70% and has a fee of £1,995.

The finer details…

Second-time buyers and those looking to remortgage their rental property are welcome to apply for this deal, provided they have a 30% deposit. All applicants can enjoy the benefits of an incentive package of free valuation, while remortgagors can also profit from the offer of free legal fees.

In addition, borrowers can benefit from the flexibility of being able to make overpayments of up to 5% of the mortgage advance per annum, giving them the potential to reduce their outstanding balance.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

Landlords who are searching for a competitive short-term mortgage are likely to be attracted to this deal thanks to its eye-catching rate. Its enticing incentive package is also likely to draw in borrowers as it will help to keep upfront costs down. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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